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If I buy Twitter the board compensation will be Zero Elon Musk says

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Elon Musk, the entrepreneur, said on Twitter on April 18 (Local Time) that if he is successful in acquiring the firm, he will reduce the board’s compensation to $0. “If my proposal wins, the board compensation will be $0, so that’s $3 million per year saved right there,” he remarked. Musk was responding to Gary Black of The Future Fund LLC, who claimed that the board’s refusal to accept Musk’s offer was due to the company’s large yearly compensation, which ranges from $250,000 to $300,000 per board member. The board of directors, in particular, owns almost no ownership in the corporation.

Musk had enlisted Jack’s help in responding to another tweet, in which a Twitter user named Chris Bakke pointed out that the board members hold practically no ownership in the firm. “Wow, the Twitter board collectively holds no shares now that Jack has left!” Musk commented. Their economic interests are not, objectively, linked with those of shareholders.”

Twitter’s creator, Jack Dorsey, has been known to send out cryptic notes now and then. He backed a tweet that said, “Excellent boards don’t make good companies, but a terrible board will destroy a firm every time,” in a recent post. It’s widely assumed that Jack made a joke at Twitter’s current board of directors. He was fired as CEO in 2008. Jack also intends to step down from the board before the end of the year.

“If you dig into the history of the Twitter board, it’s fascinating since I was a witness to its early beginnings, embroiled in conspiracies and coups, and notably amongst Twitter’s original members,” he said in response to a remark on his endorsement. “It’s continuously been the company’s problem,” Jack said, “and I wish it could be made into a Hollywood drama one day.”

Musk’s coworkers have rallied around him. Poison medications should be made illegal, according to David Sacks, a South African entrepreneur and Musk’s partner at X.com. “Every firm led by a bad management team should be on the table,” he stated.

Elon Musk’s plan to take over Twitter

Elon Musk recently offered to buy Twitter and turn it into a private company. He said that the firm had a lot of potential and that he could assist Twitter in making greater use of it. The Twitter Board, on the other hand, declined the offer and chose the Poison Pill instead. It’s worth noting that, even with the Poison Pill in place, the Twitter Board will not be able to prevent Musk from acquiring the firm.

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The KSRTC Kharghar Bus Stop In Front Of The Three Star Hotel In Kharghar Needs To Be Maintained And Have Its Roof Repaired

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In need of maintenance is the KSRTC Kharghar Bus stop.

The Need

The KSRTC Kharghar Bus Stop, located in Sector 7 in front of the Three Star Hotel in Kharghar, is in need of urgent maintenance and roof repairs, as expressed by the passengers who are waiting at the stop.

Residents who have endured long lines in the sweltering heat have complained that the roof in particular is troublesome since the sheets might give way and collapse at the bus stop.

A resident, who tweeted about his experience, added that the bus stop has been troubled by this issue ever since the last rainy season. He wrote, “Last year, it was pouring heavily outside, and I stood for an hour at the Kharghar bus stop in very poor condition.” In addition, there was a leak in the bus stop, which resulted in water collecting on the side and mosquito breeding grounds. Residents of Panvel Municipal Corporation are suffering greatly; local leaders must take note of this.

“Hopefully this is addressed this year before the rain begins,” he continued.

“The roof of this bus stop needs to be replaced as soon as possible and new metal sheets need to be installed in the roof,” a resident of Kharghar from the Hiranandani neighborhood stated. Moreover, they may come free and land on passengers who are seated below. I’m hoping the authorities take quick action to resolve this.

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An Increase In Electricity Consumption Causes Power Outages In Thane And Navi Mumbai

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Due to excessive demand for electricity during the intense heat, Maharashtra State Electricity Transmission Co. Ltd. (Mahatransco)’s Kalwa circuit became overloaded, disrupting the delivery of electricity for as long as two hours.

The Thane neighbourhoods of Naupada, Pachpakhadi, Vikas Complex, Majiwada, Talao Pali, Colorchem, Temghar, Kalwa, etc., as well as Vashi and Mahape in Navi Mumbai, were among the impacted places.

At 2.25 pm, Mahatransco implemented the load cutting plan in response to a 3,900 MW surge in demand in Mumbai. This was caused by an overload of the 400 kV high tension Padghe Kalwa circuit 1. The MMR region’s substations were affected as load relief had to be given. Within a few hours, power was partially restored in a number of locations.

At four o’clock in the evening, power was restored to the Vashi substation, Color Chem substation, Mahape substation, Temghar substation, and Mahape substation.

Mahatransco public relations officer Dr. Milind Awate states, “Due to excessive load, we had to regulate 160 MW of electricity in Thane, Kalwa, Vashi, Colorchem, Mahape, and Temghar area.”

Awate said, “We were prepared for the possibility and had been taking the required precautions, since the meteorological agency had issued a warning about high temperatures in the area. However, the scenario was caused by an abrupt spike in power consumption in the afternoon that reached 3,900 mw in Mumbai and the surrounding area.

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Residents Of Airoli Block A Highway In Protest After Multiple Power Outages

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To show anger against frequent power cuts, Airoli residents block highway.

The Outages

For residents of Airoli, who have been suffering constant power disruptions in the sweltering heat, frustration has reached a breaking point. When angry locals blocked the Mulund Rabale highway in protest on Tuesday night, the situation worsened.

With temperatures surging past 42 degrees Celsius, the meteorological service issued a heatwave warning at the worst possible time. People have reached their breaking point as a result of the constant heat and power outages.

Residents took matters into their own hands and staged a blockage on the major route because they were frustrated with the lack of responsibility and communication from the government. Nevertheless, the demonstration was finally dispersed as a result of police action. The bulk of the power outages have affected sectors 9, 13, and 19, leaving locals both physically and figuratively in the dark. The situation of the inhabitants has gotten worse since MSEDCL representatives have not responded satisfactorily to repeated concerns.

In the meantime, Maharashtra Navnirman Sena (MNS) Deputy City President Nilesh Bankhile issued a severe warning and vowed to intensify protests against MSEDCL till the power situation improved.

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